You need to be careful in purchasing vacation rentals in Las Vegas. Short term rentals are against the law in the unincorporated area of Clark County (anywhere South of Sahara) Penalties begin at $1000 per day and may include up to 6 months in jail.
In the city of Las Vegas, vacation rentals are monitored. You need to apply for a permit to rent your property as a vacation rental. Approval can take up to one year as the area is taken into consideration and neighboring residents are contacted as to whether they have objections to short term rental activity in their neighborhood.... more

My name is Brad Bellstedt and I am an experienced agent here in Las Vegas. My partner and I would be happy to help you find what you are looking for. Please send me an email at 702LVRE@Gmail.com with the details of the kind of investment property you are looking for and what you would like to spend on said property, and I will set up a search for y ou and send you the properties I think you will be interested in.

Ben, i have a 2 bedroom 900 SF completely remodeled condo with new appliances/flooring/fixtures/plumbing/kitchen that is renter friendly, near UNLV and ready to rent that will make you 8%+ on your ROI and under 100k. Call me at 702-830-2229-Brandon... more

1. Do you need cash out to flip another property?
2. What is the rental market now and in the future? (very good for next couple of years)
3. How much, after taxes, will you actually make?
4. Will you sell it using a 1031 exchange?

89115 is not a fabulous area, however, it is close to Nellis Air Force Base. Typically the folks stationed at NAFB tend to rent a bit further west from that location, more around Pecos/Tropical, Pecos/Centennial area which is actually NLV. The entire city is under the same school district, however, again the quality of school/teachers just varies from one neighborhood to the other.
I would suggest checking LVMPD.com for crime statistics in the area you're looking as well as CCSD.net for information on school rankings in the area.

Also, you can checkout the neighborhood link I have provided. It has 10 of the more well known communities that would be good to invest in.

In my opinion, you should be looking at listings for both property types and then focus on getting the best deal. Finding a motivated seller should be an investors main focus on any purchase. Do you know what kind of ROI you want on this rental?

We have a program that shows all distressed sales in the area. If you would like to discuss this in greater detail, send me an email at erika@bentleyrealtygroup.com.

Erika Bentley
Bentley Realty Group
Berkshire Hathaway Home Services... more

I currently own 2 homes in Spanish Trails. They have been very good investments. My job is moving me to California, so I am going to sell them. Both are rented and the rents are very strong in Spanish Trails. If you are interested in more details email me at danaj4542@gmail.com.... more

I recently provided an investment property worksheet to one of my investor clients. All 5 potential buys showed a positive cash flow. So to address your concern about ROI (return on investment), you may be in a better position than you think. Better than having the property just pay for itself.... more